Relevant Party definition
Examples of Relevant Party in a sentence
The Charterer shall not be permitted to contest the imposition of a Loss in the name of the Relevant Party Indemnitee other than as contemplated in Clauses 8(d)(iii) and 8(d)(iv).
Save as provided above, a person who is not a party to this Agreement has no right to use the Third Parties Act to enforce any term of this Agreement and, subject to the other provisions of the other Operative Documents, the parties to this Agreement do not require the consent of any third party (including, without limitation, any Relevant Party, Indemnitee or Tax Indemnitee who is not a party to this Agreement) to amend or rescind this Agreement at any time.
If a Loss shall be made against any Relevant Party Indemnitee for which the Charterer is or may be required to indemnify the Relevant Party Indemnitee pursuant to this Clause 8 (Costs and Indemnities), the Relevant Party Indemnitee shall promptly notify the Charterer in writing of that Loss and shall promptly provide the Charterer with all such information available to the Relevant Party Indemnitee regarding the Loss.